Saturday, April 30, 2011

The Real Heroes of the 2011 Elections in Nigeria


The Real Heroes of the 2011 Elections in Nigeria

The incumbent and reelected President Goodluck Jonathan of Nigeria and Professor Attahiru Muhammadu Jega, Chairman of Independent National Electoral Commission (INEC)) have been receiving accolades for the overall conduct of the 2011 elections in spite of the terrifying and horrifying post election violence caused by the allegations of electoral malpractices and recurrent acts of terrorism propelled by Islamic fundamentalism. But those who truly deserve the accolades are not Mr. Jonathan or Prof. Jega, but the patriotic Nigerian voters who thronged the polling booths to cast their votes regardless of the weather, risks of being attacked by unpatriotic political opportunists and their hired thugs. These millions of patriotic Nigerian voters in every state of the federation are the real heroes of the 2011 elections and the standard bearers of democracy and governance in Nigeria.

Ultimately, it was the judgment on the fairness of the election process by the Nigerian people that is most important. The various international observer organizations have pronounced the elections as credible, but it was the words of a driver yesterday that appeared to echo the sentiment of most Nigerians, "We did it this time!"
~ William Strassberger, a Public Affairs Officer in the Bureau of African Affairs of US STATE DEPARTMENT

The President of Nigeria and Chairman of INEC had their glaring shortcomings in the most important challenge of the elections, SECURITY of the lives and properties of Nigerian voters. They both failed even when they were duly warned of the dangers before the elections. If one single Nigerian voter Adamu Bologi who is a devout Muslim could be so brave to dare to risk his precious life by confronting the ruthless marauding lunatics on rampage and using words of persuasion to appeal to them and succeeded in saving the threatened lives of his Christian neighbours in the conflagration of the post presidential election violence, then what stopped the well armed Nigerian police and army from preventing the murder of over 500 innocent Nigerians if they were doing their ultimate duty of policing the streets, guarding voters at the polling booths or polling stations and other places and making sure that there was no breakdown of law and order?




The Nigerian voters, and the hundreds of innocent citizens who sacrificed their precious lives in the post election violence are the real heroes we should celebrate and remember in the history of Nigeria.

~ By Ekenyerengozi Michael Chima



Friday, April 29, 2011

Most Americans Not Willing to Pay to Read News Content Online



29 Apr 2011 16:34 Africa/Lagos


Most Americans Not Willing to Pay to Read News Content Online
Even fewer than said they would pay 15 months ago

PR Newswire

NEW YORK, April 29, 2011

NEW YORK, April 29, 2011 /PRNewswire/ -- As businesses explore best practices for success in the changing landscape created by the Internet, some companies have discussed charging for access to online content that was previously free. Some media outlets have discussed doing this, and The New York Times recently began charging online readers who view over 20 articles per month. But there may be trouble ahead as a recent Adweek/Harris Poll found that a large majority said they would be willing to pay "nothing" per month to read a daily newspaper's content online (80%). Of the one in five who would pay, 14% said they would pay between $1 and $10 per month while very few said that they would be willing to pay between $11 and $20 (4%) or more than $20 per month (2%).

(Logo: http://photos.prnewswire.com/prnh/20100517/NY06256LOGO)

These are some of the findings of a new Adweek/ Harris Poll, survey of 2,105 U.S. adults surveyed online between March 29 and 31, 2011 by Harris Interactive.

Interestingly, while online paywalls are becoming more common, fewer people say they would be willing to pay to read content online now, than said so in late 2009—20% say they would be willing to pay for a daily newspaper's content online today, compared to 23% who said so in December 2009.

Other findings of the recent poll include:





* Younger adults are more likely than those older to pay for a daily newspaper's content online—over a quarter of adults aged 18-34 say they would (26%) compared to between 15% and 18% of all other age groups;

* Men are more willing to pay than women are—a quarter of men say they would (25%) with 18% saying they would pay between $1 and $10 per month, while only 15% of women say they would pay anything to read a daily newspaper's content online; and,

* The more education a person has the more likely they are to be willing to pay to read a daily newspaper's content online—over a quarter of college graduates say they would pay (28%) compared to one in five people who have attended some college (19%) and just 15% who have not attended any college at all.


So What?

Currently several major publications charge readers for their content online including the Wall Street Journal, Financial Times, and most recently The New York Times . Unfortunately it seems that as these companies are adapting to a business environment increasingly dominated by the Internet, their readers are slower to embrace, or are resistant to, certain changes, especially when it comes to paying for something that has been free for so long. This raises several questions and areas for more research, including: how many Americans rely on the Internet for their news content, how particular are Americans about what publication or source they go to for their news, and, how do people think that media companies with large online presences should pay for the work that they do.


Click here for the complete details.



Obama Reshuffles his national security team



President Barack Obama named CIA Director Leon Panetta as his nominee to succeed Robert Gates at the Pentagon, with Gen. David Petraeus chosen to succeed Panetta at the CIA. Jon Decker reports.

© 2011 Reuters




President Barack Obama and his security chiefs.


The San Francisco Chronicle provoked the White House after the paper posted an unauthorized video of a protest at a San Francisco fundraiser for President Obama last week. This could be connected to reshuffling of the security team since coverage of events at the White House is within the purview of national security. In such matters, the White House cannot be queried if national security is at risk. And posting an unauthorized video of such an event could be inappropriate. No reporter should be allowed to compromise or violate the security procedures of the White House as stated by Office of the Press Secretary on August 18, 2010.



Islamic Terrorism or Lunatic Muslims On Rampage?



Islamic Terrorism Or Lunatic Muslims On Rampage?

If there is anything the repressive Arab regimes of the middle east and north Africa and the traditional institutions in parts of northern Nigeria share, it is the deliberate misinterpretation of Islam to hold on to power while abusing human rights and dignity. There is often a convenient convergence of culture and the clergy to perpetuate this fraud on the people. In Saudi Arabia, less than 1,000 princes and members of the royal family control a country that earns about $1 billion every day when oil prices climb above 100 dollars a barrel.

~ By Salisu Suleiman
April 29, 2011 01:18AMT


Islamic Terrorism is is defined by Wikipedia as "a term for acts of terrorism committed by extremist Muslims for the purpose of achieving varying political and/or religious ends."

The history of Islamic Terrorism is as old as the religion of Islam and trying to separate the sheep from the goats as Mr. Suleiman has attempted is not as simple as ABC, because terrorism is an instrument of violent agitation for the realization of a cause, no matter the purpose and the question of its justification is subject to the interpretation of the terrorists and their apologists.


Osama bi Laden in a 1998 photograph

The gory images of the horrors of Islamic Terrorism have been haunting the world from the Middle East, Africa, Europe, Southeast Asia, and the United States since the 1970's to date The horrors have become recurrent nightmares in our lives. The history of humankind will not be complete without the inclusion of the atrocities of the Al-Qaeda of Osama Bin Laden.

FORENSIC FORCE: ‘Arab awakening' in Arewa? by Salisu Suleiman is on the website of the 234 Next on April 29, 2011 01:18AMT. It is worth reading, because it is perhaps the most critical analysis of the political crisis plaguing Nigeria of which the most recent is the last post election violence in some northern states after the disputed results of the presidential election of April 16, 2011. The lunatic fringe of Muslim youths revolted against the victory of President Goodluck Jonathan, a Christian from the southern state of Bayelsa, because he defeated their fellow Muslim and northern hero Gen. Muhammadu Buhari (retd), a former military head of state.

You can also read my own report on The Causes and Consequences of the 2011 Post Election Violence in Nigeria.

~ By Ekenyerengozi Michael Chima


Top Headlines


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2011 Revenue Growth Projections for U.S. Industrial Manufacturers Improves, According to PwC's Q1 2011 Manufacturing Barometer

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Robert Half Survey: Eight in 10 Workers Comfortable Negotiating with New Employer for Higher Salary

The Empire State Building to Celebrate 80th Anniversary on May 1, 2011






Royal Wedding and news around the world



The Royal Wedding of Prince William & Catherine Middleton on Friday April 29, 2011.


Prince William greets Kate Middleton as she arrives at the alter with her father Michael Middleton, prior to their marriage in London's Westminster Abbey, Friday April 29 2011. (AP / Dominic Lipinsk)



Thursday, April 28, 2011

Innovative Thinkers From Across the Globe Awarded Grants


Philips Livable Cities Award: Left to right: Harry Hendriks, CEO of Philips Electronics, Sabrina Faber, Overall Winner and Richard Florida, Chair of Supervisory Panel.


28 Apr 2011 11:19 Africa/Lagos

Innovative Thinkers From Across the Globe Awarded Grants to Address Significant Challenges Faced by City Living

AMSTERDAM, April 28, 2011/PRNewswire/ --

- Philips Awards EUR125,000 to Help Make Cities More Livable

Royal Philips Electronics (NYSE: PHG, AEX: PHI) has today announced the winners of the Philips Livable Cities Award, a global initiative designed to generate innovative, meaningful and achievable ideas to improve the health and well-being of city-dwellers across the world.

(Photo: http://www.newscom.com/cgi-bin/prnh/20110428/452767 )

(Photo: http://www.newscom.com/cgi-bin/prnh/20110428/452767-b )

The overall winner of the Award, announced at a gala ceremony held at the world famous Rijksmuseum in Amsterdam, was named as Sabrina Faber from Sana'a, Yemen, for her idea 'Rainwater Aggregation in Sana'a'.

Sabrina's idea was praised by the supervisory panel for its unique approach to modifying existing structures in Sana'a to capture, filter and store rooftop rainwater. Through her scheme, Sabrina hopes to help solve the water shortages commonly experienced in the city during dry spells, whilst providing clean drinking water. This could potentially result in significant health benefits for the whole population.

Sabrina will receive a EUR75,000 grant from Philips to enable her to realize her vision.

Richard Florida, Professor, Author and Chair of the Philips Livable Cities Award supervisory panel, commented: "What really impressed us with Sabrina's scheme was the proposed execution of a relatively simple concept that will have such a significant impact on the lives of so many people across the city of Sana'a. We're looking forward to seeing her idea come to life and improving the health and well-being of the residents of Sana'a."

Two additional winners will each receive EUR25,000 for their practical, implementable ideas.



Manuel Rapoport, from Buenos Aires, Argentina was recognized for his 'Plaza Movil Street Park' idea. This would see Buenos Aires' streets temporarily closed to traffic during weekends and public holidays and portable playground equipment and benches used to convert them into recreational spaces for people of all ages.

James Kityo of Kampala, Uganda, will use his grant to develop his Shade Stands project. Waiting for transport under hot sun, or in torrential rain with no shelter is a situation that the people of Kampala know only too well. The Shade Stands will provide vital protection in particular for nursing mothers and babies, and the elderly.

Other finalists come from Argentina, Kenya, Nigeria, the UK and the USA, representing a truly global picture of the solutions offered to city-dwellers across the world.

All eight finalists and their ideas for providing unique and original solutions were showcased and celebrated at the Award ceremony in Amsterdam. The event was attended by leading experts, dignitaries, and government officials from the Benelux region.

"We recognize the tremendous effort invested by both the winners of the Philips Livable Cities Award and the other finalists in developing their submissions. Philips is proud to be associated with the imagination and vision they have all displayed and offer our congratulations and thanks in the 2010-2011 Award's first year," said Katy Hartley, Director of the Philips Center for Health & Well-being and member of the Philips Livable Cities Award supervisory panel."

For 2011-2012 Philips is committed to building on the program's strengths to further recognize meaningful innovations which make a real difference to people's lives.

The winners will work with Philips and program mentors to help realize their ideas in their local communities.

Further Information:

More information about the winning entries and the progress of each project can be found by visiting http://www.because.philips.com/.

Information regarding The Philips Livable Cities Award is widely available in the social media space. For more information and updates on the initiative, including video coverage, interviews and live updates, please use the following resources:

- Social Media Release: http://bit.ly/fXpzhP

- Twitter: http://bit.ly/Livable-Cities-Twitter

- YouTube: http://www.youtube.com/user/livablecities

- Facebook: http://on.fb.me/Philips-Facebook

- Linkedin: http://www.linkedin.com/groups?home=&gid=3159466

Notes to Editors:

About Philips Livable Cities Award

- The Philips Livable Cities Award is a global initiative designed to encourage people to develop practical, achievable ideas for improving the health and well-being of people in cities - ideas which can be translated into reality.

- The Award was open to individuals, community groups, NGOs and businesses.

- More than 450 ideas from 29 countries were entered into the competition.

- Entries are grouped into three categories, exploring how best to improve health and well-being in our cities:

- Well-being Outdoors: Initiatives that will help make citizens feel safe and secure in public spaces, or help create city identity and foster a sense of belonging;

- Independent Living: Initiatives that will help the growing number of elderly people living alone to feel secure and comfortable in a city, and/or enable them to live longer at home with the appropriate access to healthcare;

- Healthy Lifestyle at Work and Home: Initiatives that will support a healthy body and mind, whether through a person's surroundings or other essentials such as exercise, sleep and diet.

About Royal Philips Electronics

Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified health and well-being company, focused on improving people's lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of "sense and simplicity". Headquartered in the Netherlands, Philips employs about 117,000 employees with sales and services in more than 100 countries worldwide. With sales of EUR 22.3 billion in 2010, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in male shaving and grooming, portable entertainment and oral healthcare. News from Philips is located at http://www.philips.com/newscenter.

Source: Philips

For further information, please contact: Marie-Helene Azar, Philips Corporate Communications Officer, Tel: +31(0)20-59-77426, Email: marie.helene.azar@philips.com



The Nomadic Fulani Woman in Nigeria



This is an itinerant nomadic Fulani woman who is a native herbalist hawking on the streets of Lagos in Nigeria. I met with her in front of my office on Thursday April 28, 2011. She allowed me to photograph her and she is just one of the numerous nomadic Hausa Fulani women who have been hawking medicinal herbs for decades.




About the Hausa Fulani people:

rimary language: Fulfulde (90% speakers)
Second language: Hausa
Third language: Tamajaq

Identity/Location
People Name: Fulani
Primary Language: Fulfulde
Ethnologue Code: FUE
Dialects: Kano-Katsina-Bororro (Cameroon, Niger, Nigeria), Bagirmi, Sokoto The Fulani people of West Africa are the largest nomadic group in the world.

Total People: 15 million Fulani with 100,000 Wodaabe
Urban Percent: 10% Fulani
Countries: Niger 1 million; Mali 1 million; Cameroon 700,000; Burkina Faso 500,000; Benin 230,000; Sudan 100,000; Togo 50,000; Central African Republic 25,000; Ghana 5,000; Nigeria 11 million. (Wodaabe: more than 40,000 in Niger and about 25,000 in Chad).


Wednesday, April 27, 2011

Shopping From Mobile Device More Popular Than PC



InMobi infographic summarizing results: 35% choose Mobile as No.1 digital shopping tool in US. (PRNewsFoto/InMobi)

27 Apr 2011 14:00 Africa/Lagos


Shopping From Mobile Device More Popular Than PC

35% choose Mobile as No.1 digital shopping tool in US

PR Newswire

SAN MATEO, Calif., April 27, 2011

SAN MATEO, Calif., April 27, 2011 /PRNewswire/ -- Today, InMobi, the world's largest independent mobile ad network, revealed that shoppers prefer browsing and buying goods and services from their mobile over their PC. The study*, conducted among consumers using the mobile Internet, found that half of shoppers still prefer hitting the stores (49%) but over a third are now comfortable with shopping from their pocket (35%) and only 16% prefer shopping from their PC or laptop, highlighting the clear shift to 'shopping on the move.'

(Photo: http://photos.prnewswire.com/prnh/20110427/SF90349)

Results from the study support data showing the mobile shopping market doubled in revenue from $1.2bn** in 2009 to a staggering $2.4bn** in 2010 in the US alone. InMobi predicts growth to skyrocket over the coming year to an estimated $9bn**.

Commenting on the study, James Lamberti, VP Global Research & Marketing at InMobi, commented, "Mobile shopping is already commonplace with one in four Americans influenced by or purchasing goods from their mobile devices. It's an exciting time for the consumer, retailer, and manufacturer as mobile shopping solutions will become more intelligent and compelling to use. The clear consumer acceptance has opened huge opportunities in the world of mobile advertising. "

Most popular purchases from mobile devices in the US:

Product % Buying

Mobile Content/Games - 42%


Consumer Electronics - 19%


Apparel - 15%


Entertainment Tickets - 13%


Travel - 12%


Other - 4%


A sizeable 74 million US citizens – almost one in four – of the total 310 million consumers currently shop on their mobile phone. InMobi uncovered similar trends in the UK and predicts that take-up of shopping on mobile will be consistent in both markets.

Full results of the study, conducted in 14 countries among 15,000 consumers, will be released in a global research roadshow to leading agencies, brands, analysts, and journalists. For further information, please visit www.inmobi.com

*InMobi research based on approximately 2,500 mobile phone users.

**InMobi prediction for 2011 based on company insight and past ABI Research for 2009 and 2010: http://www.mobilecommercedaily.com/2010/02/17/mobile-shopping-in-us-will-grow-to-24-billion-this-year-abi-research

About the Study

The study, entitled "A Global Consumer Perspective on Mobile Shopping", was conducted among 15,000 consumers in 14 countries in North America, Europe, Africa, and Asia during February and March 2011. Consumers participated in the study directly through their mobile devices offering the mobile ecosystem a point of view on mobile shopping among mobile Internet users. Detailed results from the 12 question, 4 minute survey, will be provided in a series of research roadshows with influential agency, brand, analyst, and press participating in New York City, San Francisco, London, Singapore, Sydney, Paris, Milan, Berlin, Nairobi, Johannesberg, Dehli, and Mumbai. Interested parties should contact InMobi for more details at research@InMobi.com

About InMobi

InMobi is the world's largest independent mobile advertising network. With offices on four continents, it provides advertisers, publishers and developers with a uniquely global solution for advertising. Its network is growing fast and now delivers the unprecedented ability to reach 220 million consumers, in over 125 countries, through more than 31.9 billion mobile ad impressions monthly. InMobi was recently selected as the 2010 AlwaysOn Global 250 Company to Watch in Silicon Valley.

InMobi is venture-backed with marquee investors including: Kleiner, Perkins, Caufield & Byers and Sherpalo Ventures. The company has offices in London, San Francisco, Bangalore, Tokyo, and Singapore.

To learn more, please visit www.InMobi.com/research, follow us on Twitter @InMobi, or read our blog at www.inmobi.com/inmobiblog/

CONTACT:
Dan Gamble, +1-415-598-8902, dan@if-communications.com, for InMobi US

SOURCE InMobi

Web Site: http://www.inmobi.com/



Chevron Scrubs Lawsuit to Block Ecuador Award




Chevron Scrubs Lawsuit to Block Ecuador Award

~ By Adam Klasfeld

MANHATTAN (CN) April 22 - With little fanfare, Chevron dropped a charge from their racketeering lawsuit against an attorney who helped engineer an environmental case that resulted in an $18 billion judgment against the company in Ecuador.

As the parties are gearing up for a November trial in Manhattan to block the award, Chevron filed a proposed amended complaint on Thursday that removes attorney Steven Donziger as a party to one of the counts.

Donziger, however, is not too happy about the change, as it could prevent him from participating in a trial to determine whether the judgment he secured is enforceable.

Chevron spokesman Kent Robertson told Courthouse News that it made the change because Donziger does not "have a dog in that fight." He added that the Ecuadoreans can seek any lawyer they want to defend the judgment.

After Chevron filed the amended complaint, a spokeswoman for Donziger's Ecuadorean clients said that Chevron was engaging in an "un-American" bid to interfere with the attorney's due-process rights. Spokeswoman Karen Hinton added in an interview that Chevron's explanation was "complete nonsense."

Not only does Donziger have a dog in the fight, he is the central figure of Chevron's basis for attacking the judgment, Hinton said.

Well before the Lago Agrio, Ecuador, court entered its Feb. 14 verdict against Chevron, the oil giant condemned the proceedings there as fraudulent, and it accused of Donziger of acting like an organized crime leader in how he handled the case on behalf of Ecuadorean natives.

On Feb. 1, Chevron filed a federal lawsuit against Donziger and several other defendants in Manhattan, accusing them of violating anti-racketeering law, a statute originally conceived to deter mob bosses and gangsters. The lawsuit named dozens of other defendants from the Ecuadorean trial for counts fraud, conspiracy, tortious interference and related counts.

By March, Chevron had asked U.S. District Judge Lewis Kaplan to grant an early trial on Count 9 of the lawsuit, seeking a judgment declaring the $18 billion award unenforceable.

San Francisco-based attorney John Keker, who represents Donziger, said that Chevron was trying to interfere with his client's constitutional rights to fair trial.

Chevron has received the lion's share of rulings in Judge Kaplan's court, and this maneuver proved no different. In granting the request for a separate trial on Count 9, Kaplan said it was the key claim of Chevron's complaint.

"The core of this case is the issue of the enforceability of the Judgment outside of Ecuador," Kaplan wrote on April 15. "Once that issue is decided, one way or the other, it is likely that the rest of the case will vanish or at least pale in significance."

Days after Kaplan issued the order, Chevron amended its original complaint, adding new evidence and quietly dropping Donziger from Count 9.

In an ironic twist, Donziger, who has spent months blasting the "false and malicious" allegations against him, apparently want this charge to stand, for now.

Hinton, the Ecuadoreans' spokeswoman, says that Chevron is "petrified" to face off against Donziger's lawyer, Keker, who recently won a sex-discrimination jury trial against Chevron in California.

A footnote of Kaplan's April 15 order suggests Chevron has been planning to eliminate Donziger from the count, and that Kaplan may support the motion.

"Attorney Donziger, for example, is named as a defendant on Count 9," the order states. "Nevertheless, Chevron already has asserted that only the LAPs [Lago Agrio plaintiffs] and the Amazon Defense Front are entitled to contest the declaratory judgment claim because only they are judgment creditors. ... They have indicated also that either the Court or Chevron could drop him as a defendant on that count. ... While the Court does not now express a view on these matters, it is appropriate to recognize that changes in the parties may be in the offing and that those changes, should they occur, could further reduce or eliminate any overlap of proof."

Robertson, the Chevron spokesman, said Chevron dropped the charge based on "some observations that Judge Kaplan made in prior orders."

"The people who own the judgment are the named plaintiffs," Robertson said. "The [Ecuadorean] plaintiffs, or the Frente, could use any attorney on the planet, but Donziger doesn't have a dog in that fight. ... Donziger and his chosen counsel will have every opportunity to explain his misconduct."

Hinton was incredulous about Chevron's explanation in a phone interview.

"Chevron is accusing Steven Donzinger of orchestrating the fraud that would lead to the judgment not being enforceable," Hinton said, adding, "He doesn't have a dog in that fight?"

"To prevent Donziger from defending himself, Chevron is engaging in un-American behavior to deny due process to a litigant just like the company has tried to deny due process to thousands of its victims in Ecuador," Hinton said in a statement.

A trial date has been set for Nov. 14.


Onyema calls for Market Transparency at Nigerian- South African Chamber of commerce breakfast forum


DG of NSE, Mr. Oscar Onyema


Onyema calls for Market Transparency as PanAfrican Capital Plc sponsors 2011 Nigerian- South African Chamber of commerce breakfast forum


By Ingram Osigwe


The Nigerian-South African Chamber of Commerce on Wednesday April 20 held its April 2011 Breakfast Forum. The Speaker at this edition was Mr. Oscar N. Onyema, Director General, Nigerian Stock Exchange (NSE)

Mr. Oscar Onyema, spoke on his vision for the capital market to include transparency, Innovation and liquidity. Speaking at the breakfast forum, Sponsored by PanAfrican Capital Plc, Onyema explained that his intension was to position the Nigerian capital market not only as a gateway to African frontier market but also a leading exchange for capital formation.

The NSE boss assured that his management would deploy such drivers of success at the exchange as organizational efficiency and fair level playing field for all participants in order to restore confidence in the market.


The DG of NSE with some members of staff of PAC.

He revealed that the plans of the exchange is to use better regulatory initiatives to attract more capitalization through new issues of from other sectors of the economy including the telecoms industry, adding that the market can do with significant foreign inflows but “ we are not looking for the high frequency trading”. Besides working with government to enthrone friendly policies, the new boss made it clear that new policies and procedures targeted at ensuring qualitative disclosure were best for the market at this point in time.

“Look at the market as a long term investment window instead of a speculative one,” Onyema further advised investors.



Mr Emeka Akwuaka, Company Secretary PanAfrican Capital Plc with the DG of NSE, Mr Oscar Onyema.


Mr. Eugene Ezenwa, MD CEO PAC Securities ltd and Mr Lanre Bakare, Head, Strategy and corporate Planning

He said the capital market was in need of market makers that would help to deepen it and improve liquidity.
"We will look at operational efficiency so that when you want to move a large chunk of stocks or bonds, you can do that easily without impacting on the price of the security, Said Mr. Onyema.

Mr. Onyema said the absence of market makers was affecting market liquidity.

"How do we make sure that securities have a standing bid and offer at any point in time? How do we get market makers that have the right depth and knowledge to provide liquidity in our market place? That is what we are looking at right now," he said

Managing Director/CEO of PAC Securities Limited, Chief Eugene Ezenwa, said the vision of the new CEO of NSE was going to affect the market positively, if well implemented.